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Top Crypto Stories This Week: Bitcoin, Solana, and Shiba Inu Fuel Market Buzz

As another week is coming to an end, significant changes are taking place in the world of cryptocurrencies or rather the market is moving up rapidly. Bitcoin, Solana and Shiba Inu have emerged as major players in this market activity, let us know how these cryptocurrencies rocked the market this week.

Bitcoin Breaks Through $48K Barrier

Bitcoin, a leading cryptocurrency, had a great week as its price crossed the $48,000 level before stalling. At the time of writing, Bitcoin was trading at $48,126.70, which has attracted the attention of crypto investors around the world.
Both retail and institutional investors showed keen interest in accumulating spot Bitcoin ETFs as its price reached $48,000 by Sunday

However, BlackRock saw a gradual decline in inflows and the Grayscale Bitcoin ETF hit a record low amid the surge. Arc21 Shares and MicroStrategy’s BTC holdings surged to more than $10 billion, reflecting investors’ growing confidence in the future of Bitcoin.

Solana Faces Outage Woes – Top Crypto Stories

The Solana network experienced a significant outage that lasted approximately 5 hours, causing panic throughout the crypto market.
Cryptocurrency experts attribute the disruption to performance degradation in the SOL mainnet resulting from BPF loader and TPS issues.
Upbit announced the suspension of trading for SOL, GMT, RAY, and ACE tokens due to an interruption in Solana’s block processing starting at 10:00 UTC on Tuesday. As a result, the price of SOL witnessed a significant decline after this outage.

Shiba Inu Sparks Market Optimism

Ethereum-based meme coin, Shiba Inu, has been taking the market by storm this week with several notable developments. Its partnership with K9 Finance to facilitate seamless BONE staking has attracted attention. Additionally, the expansion of Marswap’s services on Shibarium introduced several new features promoting SHIB tokenomics.

Woofswap’s proposal to connect Shibamap to ERC404 added excitement to Shiba Inu prices. Additionally, the burning rate of the meme coin has been seen increasing multiple times during the week, creating optimism in the market for SHIB holders, and people are seeing the potential for its value to rise.

To conclude, this week saw quite a lot of dynamic activities in the cryptocurrency landscape, with cryptocurrencies like Bitcoin, Solana and Shiba Inu making headlines and boosting the market sentiments.
As the cryptocurrency market continues to grow, people’s confidence in them is also increasing.

Note – No one knows when the cryptocurrency market will go up and when it will go down. The information is for your attention only. Therefore, do your research before investing anywhere, we do not advise you to invest anywhere.

Simon Brown

Hi there! I'm Simon Brown, a passionate writer delving into the exciting realm of cryptocurrency. From dissecting crypto news to making bold predictions, I cover it all. Join me on this thrilling journey through blockchain, NFTs, and beyond!

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